The Victorian Government has launched a new $8 million Technology Voucher funding program that will encourage the uptake of new technologies.

 

The program will provide vouchers to organisations in the technology sector to support the development of new products and processes using industrial biotechnology, small technologies (micro- and nano-scale technologies) or information and communication technology (ICT).

 

Minister for Technology Gordon Rich-Phillips said a key advantage of the voucher system was its ability to respond to the research requirements of business in a time-frame that suits them.

 

"Businesses can apply for support at any time during the year, and if successful, will be able to commence work with their service provider of choice within one month," he said.

 

"One of the principal advantages of the new voucher program will be the way it brings together converging technology fields and brokers new linkages between businesses and

Victoria's world-class technology infrastructure and know-how," Mr Rich-Phillips said.

 

"Promoting opportunities for business and innovation to come together is essential for robust and competitive Victorian industries.

 

Vouchers will be available in three categories:

  • Technology Student Accelerator vouchers valued at up to $10,000;
  • Technology Development vouchers valued at up to $50,000; and
  • Technology Implementation vouchers valued at up to $250,000.

The Technology Voucher program forms part of the $150 million Victoria's Technology Plan for the Future that promotes technology-enabled innovation across the economy and supports the growth, development and global competitiveness of Victoria's technology sectors.

 

Further information on the Technology Voucher program is at www.business.vic.gov.au/tvp